The financial sector cannot survive bouts of deflation whereas economic development produces it. Every major advance in economic development made entire sectors deflationary. More product was made available for less. Prices decline when productive and innovation increases. Prices rise as the economy becomes dominated by financial vehicles.

The financial sector cannot survive bouts of deflation whereas economic development produces it. Every major advance in economic development made entire sectors deflationary. More product was made available for less. Prices decline when productive and innovation increases. Prices rise as the economy becomes dominated by financial vehicles.

The Coming Age Of Deflation

Logic is not opinion nor is it moved by assumptions. Logic follows its own course and rules. Logic cannot be rescinded, reconfigured or reformed. Logic is implacable and absolute. LOGICAL MINDS ONLY follow logic to where it leads. Those who do not follow logic to wherever it leads end up in a place that is demonstrably irrational. LOGICAL MINDS ONLY is a podcast for those whose commitment to logic is absolute. Those whose commitment is to an ideology, or particular worldview, or set of assumptions or who want to find factoids to support an assumption are wasting their time here.

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The Coming Age Of Deflation

The Coming Age Of Deflation